Everyone dreams of having a home of his own and works very hard to build it. But in today’s time, it is one of the most expensive deals and it costs a lot of money to get it ready. If you are also planning to build your house and are waiting for the price of building materials to come down, then this is a good opportunity for you. Actually, during the rainy season, the price of Sariya has fallen rapidly and its price has come down from Delhi to Goa. The more important the role of Sariya in house construction, the more is the expenditure on it.
Rebar increases or decreases the construction cost
Amid the heavy rains in August, there has been a sudden drop in the prices of steel bars. In such a situation, if people planning to build a house order steel bars now, then it can reduce their expenditure on construction. This method can work as a strategy to reduce the expenditure on house construction. People wait for the prices of building materials to decrease while building a house. Along with cement, bricks, sand, steel bars are among the most expensive deals. In such a situation, the fluctuation in its price proves to increase or decrease the house construction cost.
This fall came due to rain
So far in this year 2024, there has been a big fluctuation in the prices of Sariya (Sariya Rate). While its price had fallen at the beginning of the year, it became expensive again in May. However, Sariya Price is seen falling again from the end of July. Somewhere its price has come down by Rs 100-200 per ton, somewhere its price has seen a fall of up to Rs 1000-1200.
TMT Steel Bar Price (Without 18% GST)
| City (state) | 25 July 2024 | 27 August 2024 |
| Raipur (Chhattisgarh) | Rs 41,700/tonne | Rs 41,600/tonne |
| Muzaffarnagar (UP) | Rs 45,400/tonne | Rs 44,400/tonne |
| Bhavnagar (Gujarat) | Rs 46,800/tonne | Rs 46,200/tonne |
| Indore (Madhya Pradesh) | Rs 47,200/tonne | Rs 46,100/tonne |
| Goa | Rs 47,200/tonne | Rs 46,400/tonne |
| Jalna (Maharashtra) | Rs 45,500/tonne | Rs 44,600/tonne |
| Chennai | Rs 47,500/tonne | Rs 46,200/tonne |
Apart from this, iron rods are available in Delhi at Rs 45,500 per ton, while in Hyderabad it is being sold at the rate of Rs 43,500 per ton. Its price has reached Rs 44,400 per ton in Jaipur, Rs 41,800 per ton in Kolkata and Rs 41,200 per ton in Raigarh (Chhattisgarh).
Check the price of your city instantly like this
You can check the latest price of iron rods in your city on the Ironmart (ayronmart.com) website. It is important to note here that the prices of iron rods are quoted per tonne and GST is applicable on them separately at the rate of 18% fixed by the government.
Source (PTI) (NDTV) (HINDUSTANTIMES)